FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


ApplePie Capital Tops $300MM in Franchise Business Loans

November 20, 2018, 07:05 AM
Filed Under: Franchise Finance

ApplePie Capital announced it recently surpassed $300 million in loans originated to franchise entrepreneurs opening or expanding their businesses.

Driving ApplePie’s momentum are deep partnerships with more than 40 high-quality and growing franchise brands, including industry leaders such as Jimmy John’s, Scooter’s Coffee, Camp Bow Wow and American Family Care. ApplePie creates custom lending programs for each brand tailored to address the full spectrum of financing needs throughout their franchisees’ life cycle. Its flagship “Core” loan product has been developed through years of proprietary research and is designed specifically for fast-growing franchisees. The company funds loans across the United States ranging from $10,000 equipment loans to $10 million multi-unit acquisitions and refinancings.

Since it starting lending in 2015, ApplePie has reached multiple milestones, including:

  • More than $300 million in cumulative originations across ApplePie Core, SBA, conventional and equipment loan products;
  • Integrated partnerships with over 40 leading growth brands, in many cases serving as the only financing partner;
  • Completed transactions in over 80 brands;
  • Creation of over 10,000 jobs through new unit financing;
  • Repeat borrower rate of over 20 percent;
  • Diverse and growing network of capital providers; and
  • Strong portfolio performance as a result of rigorous credit standards.

“I am incredibly proud of the work and achievements by the ApplePie team to reach this exciting milestone,” said Denise Thomas, CEO and Co-Founder of ApplePie Capital. “We founded ApplePie with the mission of helping hard-working, entrepreneurial franchisees achieve their growth objectives with more flexible and strategic financing.

“Our success is a direct result of listening closely to franchisors and franchisees and innovating to specifically address their needs.”

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.